Weighted Vote Method means that each Director is assigned a vote based on its Water Allotment percentage under the Water Allotment Table identifiedin Section 1.46.
Weighted Vote Method means with regards to the Board of Directors a procedure by which each Director is assigned one vote for each full 100,000 gallons a day annual average [water delivered by its Member Government for public supply] based on a five (5) year rolling average and with regards to a Project Board a procedure by which each Director is assigned votes based on the amount of water his or her appointing Member Government is legally obligated to take and/or allocated under an Implementation Agreement approved by the Project Board between the Member Government and the Cooperative for the specified Approved Water Project. Under the Weighted Vote Method, any Director, whose Member Government is not party to the Implementation Agreement for the specified Approved Water Project shall not have a vote and shall only be considered an ex officio member of the Project Board.
Weighted Vote Method means that each Director is assigned a vote based on its Water Cost Allotment percentage under the Base Rate Cost Allotment Table identified in Section 1.44.
Examples of Weighted Vote Method in a sentence
All decisions of the Project Board shall be by majority vote of a quorum of the Project Board using the Weighted Vote Method specified in this Agreement, which vote must include at least a majority of the Project Participants.
More Definitions of Weighted Vote Method
Weighted Vote Method means that each Director is assigned a
Weighted Vote Method shall have the same meaning as in the Interlocal Agreement, except that during Phase 1, each Director shall be assigned a vote in proportion to its cost share percentage, as reflected in the Cost Share Table contained in Section 8.5.1.
Weighted Vote Method means that each Director is assigned a vote based on its Water Cost Allocation percentage under the Base Rate Cost Allocation Table identi- fied in Section 1.48.